(Alliance News) - Risanamento Spa reported Thursday that it closed the first three months of the year with a consolidated loss of EUR2.4 million from a loss of EUR7.5 million in the same period a year earlier.

Value of production for the quarter is EUR516,000 from EUR314,000 as of March 31, 2023.

Ebit is negative EUR2.7 million from minus EUR4.2 million in the same quarter a year earlier.

Net financial position is positive EUR42.2 million from EUR50.2 million as of Dec. 31, 2023.

"The 2024 financial year is expected to record, in the absence of extraordinary events, a negative result but in any case consistent with that of the 2023 financial year," the company's note reads, "obviously without taking into account on the one hand the positive effects arising from the Project Starfighter transaction and related items of an extraordinary nature, quantifiable in total at EUR30 million, and on the other hand the negative effects arising from the financial charges recorded in the first half of 2023 amounting to EUR7 million that were no longer incurred starting from the total debt relief that took place.

Risanamento closed Thursday in the green by 0.7 percent to EUR0.031 per share.

By Chiara Bruschi, Alliance News reporter

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